Posted
by
msmash
on Wednesday April 25, 2018 @01:15PM
from the no-beating-around-the-bush dept.

The CEO of Nasdaq suggested Wednesday that the company could open a cryptocurrency exchange in the future. From a report: The subject came up in an interview with CNBC, during which CEO Adena Friedman expressed openness to the idea. "Certainly Nasdaq would consider becoming a crypto exchange over time," Friedman remarked, adding: "If we do look at it and say 'it's time, people are ready for a more regulated market,' for something that provides a fair experience for investors... I believe that digital currencies will continue to persist it's just a matter of how long it will take for that space to mature. Once you look at it and say, 'do we want to provide a regulated market for this?' Certainly Nasdaq would consider it."

If the bubble grows large enough, of course it can. Even banks and pension funds will find some indirect way to be exposed, the financial industry will find a way. The pensioners and blue collar workers who invested themselves won't be consuming much for a while.

The economy does well at low inequality and high wealth, tulip mania creates a highly unequal distribution of wealth in collapse.

"Would consider" means nothing more than "would consider". Translation into simple English "would think about". One can think about many things, real, surreal, irreal, rational, irrational, possible, impossible, legal, illegal, etc. The thinking about something means nothing. It is decision that is reached that is important.

For example I would consider drinking a bottle of vodka. And I would decide "no".

What value do these crypto currencies even create? I just dont understand it. Atleast "real" currency sort of has some government backing to it. Maybe wrong wording for it but I dont get what value there is in crypto currencies.

IMO, the advantages/disadvantages of a little inflation/deflation are overblown by both crypto fans and crypto critics. However, in a serious financial crisis, I believe the problems of deflation getting out of hand are very real, and not exaggerated at all.

Crypto currency value by definition is that it provide a medium of exchange. NASDAQ are open to providing one. That is interesting.

In light of the fact that Crypto have historically behaved as a commodities (i.e. store of value) rather than currency NASDAQ enables the latter. Crypto-scheme currency gains one step closer to towards money (i.e. medium of exchange + store of value).